Default Notice Sample Contracts

Image Entertainment, Inc. – Supplemental Notice Under Output Distribution Agreement (January 31st, 2008)

Reference is made to Marty Greenwald's letter of January 28, 2008, which Image released publicly. Such release constitutes another breach of the Output Distribution Agreement ("Agreement") dated December 7, 2008 between Image and CT1. Image is notified of such breach under the Agreement, which breach is not capable of cure.

China-Biotics – Contract (December 12th, 2007)

THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS. THIS LEGEND SHALL BE ENDORSED UPON ANY NOTE ISSUED IN EXCHANGE FOR THIS NOTE.

Benda Pharmaceutical Inc – Contract (April 6th, 2007)

THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS. THIS LEGEND SHALL BE ENDORSED UPON ANY NOTE ISSUED IN EXCHANGE FOR THIS NOTE.

Solar Thin Films Inc – Contract (November 18th, 2003)

Exhibit 10.3 Default Notice November 5, 2003 VIA FACSIMILE TRANSMISSION Fax 631-254-2136 FEDEX OVERNIGHT MAIL CERTIFIED MAIL: RRR Robert Rubin, individually And as President, CEO and Chairman of American United Global, Inc. 25 Highland Blvd. Dix Hills, New York 11756 Re: Default under Closing Agreement dated June 16, 2003 Default under Standstill Agreement dated October 23, 2003 Dear Bob: Reference is made to that certain Closing Agreement dated as of June 16, 2003 (the "Closing Agreement"), among American United Global, Inc. ("AUGI"), Tracy Landow, Redwood Investments Associates, L.P. a Delaware limited partnership (Redwood), myself and others and a standstill Agreement dated October 23, 2003 between AUGI, Tracy Landow, Redwood and myself. Capitalized terms not otherwise defined in this letter shall have